North Korea is reportedly in the early stages of developing its own Bitcoin-like cryptocurrency to avoid international sanctions. A North Korean representative reportedly said that the country is in the early stages of developing its own Bitcoin (BTC)-like cryptocurrency. North Korea trying to evade international sanctions On Sept. 18, Vice news reported that the Democratic […]
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United States Treasury undersecretary Sigal Mandelker says that cryptocurrencies could become the next frontier in the war on terror. United States Treasury undersecretary Sigal Mandelker stated that cryptocurrencies could become “the next frontier” in the war on terrorism. According to a press release published on the U.S. Treasury’s website on Sept. 11, Mandelker made her […]
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The U.S. announces further sanctions against three North Korean state-sponsored hacker groups, responsible for North Korea’s malicious cyber activities. The United States Treasury Department announced further sanctions against three North Korean state-sponsored hacker groups, responsible for “North Korea’s malicious cyber activity on critical infrastructure.” Continue to enforce existing U.S. and U.N. sanctions against North Korea […]
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French Finance Minister Bruno Le Maire has said that Europe should consider its own “public digital currency” that could challenge Facebook’s Libra. French Finance Minister Bruno Le Maire has said that Europe should consider its own “public digital currency” that could challenge Facebook’s Libra. The Minister’s remarks — the latest in a series of vocal […]
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Facebook is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned Libra stablecoin network. Facebook is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned stablecoin project, Reuters reported on Sept. 11. “Regulated, low-friction, high-security” blockchain payments In an official statement today, the […]
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OpenZeppelin, a third-party audit firm specializing in cryptocurrency, has discovered and patched a vulnerability in the open-source code of Facebook’s Libra. Developers working for startup OpenZeppelin, a third-party audit firm specializing in cryptocurrency, have discovered and patched a vulnerability in Facebook’s Libra’s open-source code. The problem According to an article by Coindesk on Sept. 10, […]
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United States Treasury official Sigal Mandelker said that Facebook’s Libra stablecoin must meet the highest Anti-Money Laundering and terrorism financing norms. Facebook’s Libra stablecoin must meet the highest Anti-Money Laundering (AML) and terrorism financing standards, according to United States Treasury Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker. Major business news outlet Reuters reported […]
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Bitcoin exchange PrimeXBT partnered with blockchain development firm Bitfury to help it ensure Anti-Money Laundering compliance. Bitcoin (BTC) exchange PrimeXBT announced that it partnered with blockchain development firm Bitfury in order to ensure regulatory compliance. According to a press release published on Sept. 9, PrimeXBT will be using Bitfury’s blockchain analytics and cryptocurrency compliance software […]
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The Malta Financial Services Authority said in its strategic plan that it will actively monitor crypto firms to prevent crypto-related crimes. The Malta Financial Services Authority (MFSA) says in its recently published strategic plan that it will actively monitor and manage business-related risks related to cryptocurrency firms. Monitor crypto firms to prevent crypto-related crimes On Sept. […]
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The recent move by Swiss regulators to licence two crypto banks is sending a message to regulators worldwide, but what are the stances of global authorities? Banking is often seen as the antithesis of Bitcoin (BTC), the very industry the nascent protocol looks to defuse and disrupt. Ironically, many banks are desperately in need of […]
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